PPFAS Alternate Asset Managers IFSC Private (PPFAS GIFT), the GIFT City-based fund management entity of PPFAS, has announced a significant reduction in the minimum initial investment for its two outbound passive funds - Parag Parikh IFSC S&P 500 Fund of Fund and Parag Parikh IFSC Nasdaq 100 Fund of Fund.
The minimum investment amount in these two outbound passive funds is reduced from $5,000 to $500, effective August 25, according to a press release by PPFAS GIFT.